Anu sold an article for Rs.480 at some profit. Had she sold it for Rs400. Then there would have been a loss equal to one-third of the initial profit. What was the cost price of the article ?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Rs 420.
-k - 3k = 400 - 480
k = 20
x = 400 + k
= 400 + 20
= 420